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Algeria, Turkey hold talks to increase energy cooperation

Mohamed Arkab, Algeria's energy minister, arrives for the 15th Joint Ministerial Monitoring Committee (JMMC) meeting in Vienna, Austria, on Monday, July 1, 2019. The OPEC+ alliance is poised to extend production cuts into 2020 as the world's leading oil exporters fret about a weakening outlook for global demand growth and the relentless rise in output from America's shale fields. Photographer: Stefan Wermuth/Bloomberg via Getty Images

Algerian Energy Minister Mohamed Arkab. [Stefan Wermuth/Bloomberg via Getty Images]

Algerian Minister of Energy, Mohamed Arkab, met with the President of the Turkish Kalyon Enerji company, Mortada Atta, yesterday discussed strengthening cooperation in the field of energy.

This came during a meeting in Algiers, in the presence of the Turkish Ambassador Mahinur Ozdemir Goktas, according to a statement by the Algerian Ministry of Energy and Mines.

“The two parties discussed cooperation between Algeria and Turkey in the field of energy and mines and discussed trade and investment opportunities between companies in the energy and mining sector [in Algeria] and the Turkish companies.”

Kalyon Enerji expressed “its strong interest in the Algerian market, and its desire to invest in the fields of renewable energy, manufacturing of solar panels locally, and the exploitation of silicon, which is used in the manufacture of photovoltaic cells,” according to the statement.

Meanwhile, the Algerian minister expressed “Algeria’s readiness to expand cooperation with Turkey to include areas of common interest.”

Algeria’s state-owned oil company, Sonatrach, is currently implementing a petrochemical project in the state of Adana, south of Turkey, in partnership with the Turkish Rönesans Holding Company.

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